The following excerpt is from In re Waite, 2 N.E. 440, 99 N.Y. 433 (N.Y. 1885):
In Raymond v. Johnson, 11 Johns. 488, it was held that although the court will recognize and protect the right of an assignee under the insolvent law of another state, yet an action brought in this state must be in the name of the insolvent.
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